Smart grids use computer-based remote control and automation technology to collect and manage electricity-usage data. Some use two-way communication technology and communication processes to increase system efficiency, facilitate fast data transfer, and improve energy management.
Global smart grid market has been affected due to economic downturn, sustained low oil prices, and the 2015 Paris Climate Change Agreement. The economic downturn caused decreased commodity prices, weaker export demand from developing countries, and slowing global trade flows which affected the global smart grid market. In the Paris 2015 Climate Change Agreement, nearly 200 countries pledged to lower greenhouse gas (GHG) emissions. Such strong global climate change policies and regulations have enhanced the global smart grid outlook. The development and deployment of smart grid technologies are affected by a significant number of enabling policy, regulatory, investment, and industrial drivers.
Solar photovoltaic (PV) is the most popular technology to use net metering for grid connection, and small wind is a distant second in terms of capacity connected to the grid. Simple installation procedure, government support, and affordability of rooftop solar PV systems have driven the market for net metering. In countries with large solar potential and ambitious solar PV targets, rooftop solar is being looked at as a major means to achieve a significant portion of the target, and net metering is one protocol that promotes installations by making an installation not only reliable for backup but also profitable from the proceeds of electricity fed into the grid.
The factors which will drive the smart grid market are -
- Climate change agreement
- Use of renewable energy sources (RES)
- Adoption of electric vehicles (EVs)
- Energy efficiency methods
The report "Smart Grid Policy Handbook 2017" offers comprehensive information on major policies governing smart grid in different countries. The report covers sixteen key countries, providing the current scenario and future plans in implementing smart grid technology, giving a fair idea of overall growth potential of the smart grid industry in each of the countries, and globally. Countries covered in the handbook include - US, Canada, Mexico, Brazil, UK, Germany, Spain, France, Japan, Australia, China, India, South Korea, Singapore, South Africa, and Saudi Arabia. The report also discusses the net-metering policy, and smart meter roll out in these countries. Advanced metering infrastructure, microgrid, smart cities, net metering, time of use pricing, communication protocol, and electric vehicles are among the other topics covered in the report.
The report provides comprehensive coverage of key smart grid initiatives and policies in some of the major countries such as US, Canada, Mexico, Brazil, UK, Germany, Spain, France, Japan, Australia, China, India, South Korea, Singapore, South Africa and Saudi Arabia. Topics covered in the handbook include -
- Advanced metering Infrastructure (AMI)
- Smart cities
- Net metering
- Time of use (TOU) pricing
- Communication protocol for smart grid
- Important agencies dealing with smart grid
- Electric vehicles (EV)
- Energy management systems (EMS)
Reasons To Buy
The report will allow you to -
- Develop business strategies using specific insights into policy decisions
- Identify opportunities and challenges in exploiting the smart grid markets
- Compare the level of support provided to different smart grid technologies in different countries
- Increase future revenue and profitability with the help of insights into future opportunities and critical success factors in the smart grid market